Mining Blog & Mining News

Mining Blog & Mining News

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Bitcoin (BTC)’s major Taproot upgrade might lock in in less than 24 hours as more than the required minimum of miners are signaling support for the soft fork, indicates taproot.watch. According to the website, at 14:24 UTC, the current signalling ratio is 98.38%. A minimum of 90% of all miners signaling support for Taproot is needed to lock in the soft fork activation, and there are 290 blocks that are yet to be mined until the next mining difficulty adjustment. Out of these 290 blocks, 117 of ...
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There's another unusual idea developing in the Cryptoverse which may bring another seismic shift (pun intended) - and it involves geothermal energy, Bitcoin (BTC) mining, paying of the debt to the International Monetary Fund (IMF), and raising an additional USD 1bn in some innovative ways. El Salvador’s President Nayib Bukele has already marked a historic moment in Bitcoin's evolution when the country declared the cryptocurrency legal tender. Then he followed that up with plans for El Salvador ...
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The recent Miami Bitcoin 2021 conference has been making the headlines for all the wrong reasons – after a number of attendees tested positive for COVID-19, with some reporting they had been hospitalized with symptoms. Among those taken ill after the event last weekend were Eric Wall, of Arcane Research, who tweeted that he had been to a hospital for a scan on his lungs after suspected coronavirus-related blood clots. (No clots were found and he was sent home.) Bloomberg claimed individuals atte...
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A number of countries are considering using volcanoes to generate electricity, potentially providing cheaper and greener energy to local Bitcoin (BTC) mining operations while China is cracking down on this industry. In Latin America and the Caribbean alone, some 3,000 volcanoes could be used for this purpose. Yesterday, El Salvador’s President Nayib Bukele unveiled plans by his country to use geothermal energy from volcanoes to mine BTC, saying that a state-owned company could provide mining fac...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Economics news The US economy’s rebound from the pandemic is driving the biggest surge in inflation in nearly 13 years, with consumer prices rising in May by 5% from a year ago, the Wall Street Journal reported. The core-price index, which excludes the often-volatile categories of food and energy, jumped 3.8% in May from the year before—the larg...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. TimeCoinProtocol is the decentralized sharing economy protocol which aims to optimize world resource usage. Various applications can be built and run on theTimeCoinProtocol including third party applications. The project puts a strong focus on the Gig Economy and Creator Economy. The project has issued an original crypto currency called TimeCoin(TMCN) which is under negotiation to be listed on major exchanges l...
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Popular US Democratic Senator Elizabeth Warren made some crypto-related statements that the Cryptoverse found incorrect, to say the least - including Bitcoin (BTC) environmental concerns, investment and utility, use for an illicit purpose, need for strict regulation, among others. "The fight of the US against Bitcoin has begun," said venture capitalist Marc van der Chijs in response to Warren's many claims on crypto. "Facts don’t matter for Senator Warren, it’s all one big FUD. But I believe Bi...
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An employee at South Korea’s most prestigious arts center and opera house – the Seoul Arts Center, in the affluent south-central part of the capital – has been found secretly mining Ethereum (ETH) in a basement room, using the center’s electricity. Per Hangook Ilbo and YTN, the unnamed member of the center’s staff, presumably a civil servant, was suspended for two months. Employees conducting a routine inspection of a little-used basement room underneath the center’s Calligraphic Art Museum came...
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Bitcoin (BTC) will officially become legal tender in El Salvador in just 90 days time after the country’s President Nayib Bukele secured what he called a “supermajority” of 62 out of 84 votes in favor of a special bill in the Salvadorian Congress. (Updated at 09:14 UTC: updates throughout the entire text.) Con 62 votos, el pleno legislativo aprueba la #LeyBitcoin con la que El Salvador adopta el #Bitcoin como moneda de… https://t.co/7CdVvyHl3W— Asamblea Legislativa (@AsambleaSV) Bukele appears k...
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Some Chinese provinces appear to be cagey about whether they will ban crypto miners from operating during the country’s rainy season – a time of the year when rivers swell and hydropower stations typically produce high quantities of surplus electricity. Per reports from the 21st Century Business Herald and STCN, Sichuan, one of China’s biggest traditional Bitcoin (BTC) mining hotspots, is “in no rush” to boot miners out before the start of the rainy season. Instead, it could allow BTC miners to ...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _ Investments news UK-based Ruffer Investment Company made more than USD 1.1bn from investing in bitcoin (BTC) in November last year, The Times reported. The company said they sold BTC this past April because “younger people wouldn’t be spending so much time trading now that the lockdowns are ending.”Solana (SOL) is reportedly raising USD 300m - ...
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One of the most bullish non-crypto companies, US-based software developer MicroStrategy is putting the markets to the test - they're planning to raise more money in order to purchase more bitcoin (BTC). MicroStrategy has announced today a proposed private offering of USD 400m of senior secured notes sue 2028 to qualified institutional buyers and to persons outside of the United States. "MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins. [.....
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Crypto’s center of gravity could take a dramatic shift – after a series of developments spearheaded by politicians in Latin America suggested that the region could be ready to open up to crypto-powered finance. The ball began to roll when the president of El Salvador, Nayib Bukele, unveiled plans to give bitcoin (BTC) the status of legal tender. Per the local media outlet ElSalvador.com, Bukele is set to ask parliament to approve his plans, which he has formed with the wallet provider and BTC pa...
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In crypto, consensus often results in controversy. Sure, consensus mechanisms themselves obviously result in agreement concerning transactions, yet when it comes to picking the ideal mechanism for a particular chain or cryptoasset, the crypto community as a whole is very often in disagreement. One of the most debated mechanisms now is proof-of-stake (PoS). While its supporters argue that it avoids the eye-watering energy consumption associated with proof-of-work (PoW) networks such as Bitcoin (B...
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Another day in crypto, Tesla's chief Elon Musk made another tweet, and bitcoin (BTC) price dropped. However, in the past few months, in the majority of cases, Musk's tweets didn't move BTC. As reported earlier today, Musk posted yet another ambiguous tweet, writing just "#Bitcoin" and a broken heart emoji, accompanied by a meme with a reference to Linkin Park's popular song 'In the End'. He followed up that one with a meme of a trader crying over a price correction. At 12:30 UTC, BTC is trading...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __ Exchanges news TSM, one the most valuable e-sports company in the United States, is changing its name to TSM FTX — and getting paid USD 210m over 10 years in the process, The New York Times reported, adding that popular crypto derivatives exchange FTX, led by Sam Bankman-Fried, will foot the bill. The annual USD 21m payment is larger than many...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Career news US-based investment banking giant JPMorgan Chace & Co. now has over 70 open blockchain-related job positions in the US, Europe, and Asia. They include product managers, developers, engineers, researchers, payments-related positions, and more. Investments news Cryptology Asset Group, a European investment company for blockchain- a...
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Mining Ethereum (ETH) is said to be getting safer in the coming weeks as NortonLifeLock, the cybersecurity company behind popular antivirus software Norton 360, announced a new feature which will enable the platform users to mine ether. A new product titled Norton Crypto promises to deliver a new way for everyone to mine Ethereum. It will come together will Norton Crypto Wallet that will be stored in the cloud as a protection against hard drive failure, the company said. Norton Crypto product i...
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There appears to be a ray of positivity for Chinese Bitcoin (BTC) miners, after a meeting of energy stakeholders in the province of Sichuan appeared relatively sympathetic to the miners’ cause. Per a report from Jiemian-Cailian Press, Sichuan power chiefs held a “research seminar” on June 2 to help them “understand” the status quo for crypto miners operating in the province. The meeting was hosted by the provincial power regulator, as well as the regional branch of the State Grid Corporation of ...
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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. In an exciting update for the NFT and digital asset enthusiasts at large, Superfarm, a cross-chain DeFi protocol offering easy, accessible, and innovative ways to create, farm, and sell NFTs, has announced the go-live of its NFT farming feature. With the launch of this feature, $SUPER holders and partner projects of the protocol can leverage their hold...
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Canadian light electric vehicle (LEV) manufacturer Daymak announced Spiritus - its upcoming electric car that will come with its own comprehensive crypto infrastructure. The model should support some crypto operations, including mining bitcoin (BTC), ethereum (ETH), cardano (ADA), and dogecoin (DOGE) during charging. and is set to debut in 2023, the company stated. Daymak Spiritus will come with Daymak Nebula, Daymak’s crypto suite that includes Nebula Miner and Nebula Wallet, which will turn i...
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China’s digital yuan project appears to be entering the final stages of its pilot, with yet another giveaway planned – this time in the nation’s capital Beijing. Like previous giveaways in cities like Shenzhen and Chengdu, the tokens will be distributed in a lottery – with a fortunate few residents given “lucky” red digital envelopes containing access to their tokens. These will then be accessible via two banking apps, with a number of physical and online merchants able to process payments via t...
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Crypto miners fleeing China’s latest mining-focused crypto crackdown may turn to a nearby nation in a bid to continue doing business – with Kazakhstan increasingly looking set to provide a new home for those looking to set up shop outside Mainland China. Per Kaktus Media, the number of mining operations in the country is “increasing,” while mining “entrepreneurs are getting richer” – with the state happy to take a share of the profits. Last year, Kazakhstan’s Economy Ministry announced that the ...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _ Investments news Banking giant BNY Mellon is reported to be creating a new Dublin-based unit that will offer digital assets to their clients as part of their Digital Innovation Hub. The company will act as the custodian for all sorts of assets, including cryptoassets, non-fungible tokens (NFTs), and central bank digital currencies (CBDCs).Nasda...
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March was mega green, April was really green, and May was…well, let’s take a look. The month was certainly marked by the dramatic selloff, followed by the expected consolidation. Bitcoin (BTC) was trading between USD 31,000 and USD 40,000 in the second half of the month, while ethereum (ETH) bounced back over USD 2,000 after the brief dip below this level, and continued trading between some USD 2,200 and USD 2,600. After ETH had been outperforming BTC consistently over the month of April, it als...
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Beijing-backed anti-mining activities continue to gather pace in the Middle Kingdom, with major players apparently exiting the market and trading platforms such as BitMart moving to block Mainland Chinese IP addresses – but some miners in the nation have not given up on the industry, and even sense a new opportunity. Yesterday, IT Home reported, the crypto platform BitMart announced that “all [Mainland] Chinese mobile phone number, or related account registration information that indicates that ...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _ Privacy news The Bitcoin (BTC) Taproot upgrade might lock-in on the mainnet in less than two weeks, when the next BTC mining difficulty adjustment is estimated to happen, which would make the Speedy Trial activation method "an overwhelming success," according to Bitcoin educator and entrepreneur Andreas Antonopoulos. If it "goes well," he added...
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Despite the recent selloff, some cryptoassets did much better than others last week, as the market started showing some early signs of a potential recovery. The top five coins leading the market out of the slump were decentralized finance (DeFi) darlings polygon (MATIC), enjin coin (ENJ), decred (DCR), uniswap (UNI), as well as crypto platform Horizen's ZEN - all of which appreciated more than 50% over the last seven days. Polygon (previously - Matic Network) has led the way with a 72% increase ...
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Privacy is a bit of a complicated topic in Bitcoin (BTC). While the mainstream media have often referred to the cryptoasset as a form of anonymous currency for the internet, the reality is that every Bitcoin transaction made on the base blockchain layer is completely public and stored on thousands of computers around the world. While there are no real-world identities that must be tied to the pseudonymous addresses used in the Bitcoin system, the reality is that blockchain analysis firms like C...
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Ethereum (ETH) is not the only smart contract platform in town. While it certainly has a first-mover advantage in its quest to become a decentralized universal computer, there are a growing number of other chains also offering the infrastructure for running decentralized apps (dapps), and some of these appear to be eating substantially into Ethereum’s share of the pie. The recent emergence of blockchains such as Binance Smart Chain (BSC), Solana (SOL), Cardano (ADA), Cosmos (ATOM), Polygon (MATI...
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